As the wage rate increases, the quantity of labor supplied by an individual worker will:
a. invariably increase
b. invariably decrease.
c. first increase and then decrease.
d. first decrease and then increase.
e. remain constant.
c
Economics
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Holding all else constant, an increase in consumption taxes, such as sales taxes or a VAT, will ________ the price of consumption goods and ________ output
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
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The current U.S. income tax structure has the highest marginal tax rate in U.S. history for individuals earning the highest incomes
Indicate whether the statement is true or false
Economics